Hedge fund manager Bill Ackman believes the Federal Reserve’s 2% inflation target is unattainable without severe pain for the U.S. economy.
The Pershing Square Capital founder and CEO said in a tweet Wednesday it would take a “deep, job-destroying recession” for inflation to return to that level, which marks the U.S. central bank’s long-term price stability goal.
“Even if it gets back to 2%, it won’t remain stable there for the long term,” Ackman said in a tweet Wednesday after…
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